The Pakistani rupee closed in the gren against the US Dollar after opening trade at 278 in the interbank market.… Read More
SECP Holds Webinar on Risk Based Capital Regime for Insurance Sector
The Securities and Exchange Commission of Pakistan (SECP) held a session for the insurance industry participants to provide an overview… Read More
Cherat Cement Authorized to Invest Rs. 75 Million in Mirpurkhas Sugar Mills Ltd
The Board of Directors (BoD) of Cherat Cement Company Limited (PSX: CHCC) has been authorized to invest Rs. 75 million… Read More
Crisis Emerges As Utility Stores Cancels Tender to Buy 45,000 Metric Tons of Sugar
The Utility Stores Corporation (USC) has canceled a tender for purchasing 45,000 metric tons of sugar after receiving costly bids.… Read More
FBR to Add ‘Special’ Income Tax to 3.5 Million Traders’ Electricity Bills
The Federal Board of Revenue (FBR) has devised a new plan for collecting additional Rs. 400 billion in revenue by… Read More
PM Forms Steering Committee to Automate and Reform FBR
Prime Minister Shehbaz Sharif has constituted a steering committee to expedite the reforming and automation of the Federal Board of… Read More
Pakistan’s Dollar Bonds Surge to 2-Year High After IMF News
Pakistan’s sovereign international dollar bonds rose on Wednesday after the announcement of a Staff-Level Agreement with the International Monetary Fund… Read More
Rupee Posts Gains Against US Dollar After IMF Announcement
The Pakistani rupee reversed yesterday’s losses against the US Dollar after opening trade at 278 in the interbank market. But… Read More
Federal Cabinet Approves Formation of Holding Company For PIA Privatization
The federal cabinet on Wednesday approved the formation of a holding company for the privatization of Pakistan International Airlines (PIA).… Read More
Pakistan to Get Final Tranche From IMF A Bit Later Than Expected
Pakistan will get the second and final tranche of SDR 828 million (around US$1.1 billion) from the International Monetary Fund… Read More
Foreign Direct Investment Up by 16% in February 2024
The Foreign Direct Investment (FDI) in the country increased by 16 percent year-on-year (YoY) to $140 million in February 2024,… Read More
Pakistan Reaches Staff-Level Agreement with IMF For Final $1.1 Billion Loan Tranche
The International Monetary Fund (IMF) staff and the Pakistani authorities have reached a staff-level agreement on the second and final… Read More
